In this case theres a few things we can misunderstood because last 5 wave is ambiguous and we can count two different way now . 1.We have nice five wave and it was trend reversal,target of our five wave is almost reached and after correction we can expect a bigger upside movement ! 2.It was only ABC correction and we will have one more drop down under 80...
If we reach T1 and have an upside momentum than our count for now is Ok!f we reach T2 than we have two alternatives!We accept it was only correction and we are still in downtrend or our upside 5 waves is only a beginning and it is a 1. wave of our much bigger 3 wave!So we will see after we reach 0.017 level(and possible it will be in next few days)!
We have 3 reasons now to believe our next target is upside and not downside after we hit our low target at 107-108 area! ETH USDT is in falling wedge pattern and also usually have at last two waves in wedge stop grabbers before have a real breakout from wedge! ETH USDT not only in wedge but also in ABC correction and fibo 61,8 level is often after first wave or in...
Who is Crypto holder and if reversal happen question is what is the best option for keeping our assets! I like ETH very much but if we check correlations maybe ETH is not the best option now! For ETH holders maybe pa this trade can make huge profit !Tp i did not write because i don't have right graph where i can see 1.618 and 1.218 extensions TP is there...
We have nice opportunity now in two way now! On smaller TF we have buy at 3700 with Tp at 3800 approx and at 3800 we have a sell at 3800 with TP at 3500 Approx!
We Have HS and not so smooth maybe also not so nice count for now but our target is 1.618 extension of HS for end of the fifth wave!
Many Alts start to fly and ETH upside moves is only at beginning but first reversal signs are already done! Very possible that ETH will be the next who will have a next bigger upside move VS BTC and VS USD also after several other coins like BCHABC BCHSV TRX Waves Cardano so ETH holders be ready now!
We have complete counts now and with high probability we can say that the reversal happen or if you think it is too early for that, than if we entry at next entry target area than very possible our the buy positions will be huge profitable!
For now all looks perfect for bulls!We have a perfect(maybe little deeper) correction and start to move upside,we broke the upper trend line and we have a back-test(with little breakout but price holds above trend line what is a good sign) how other coins already fly away like waves etc.we are prepare for huge upside movement for bchsv also!Many others like TRX...
If this small correction happen and we buy at that level that can be a good trade in long term!
AUDUSD possible next move in near future is 0,6 area or deeper!
GNT was one of my favorite before but long time not see any pattern for trade on GNT graphs until now!
Invalidation level for our previous count is broken and we have a complete impulsive wave cycle ,we can expect a correction now and after that next upside move !
For now this is a very perfect formation for XRP, let's see is there any hidden trick behind the curtains! We have one very nice 5 wave impulse upside and one sharp ABC correction at previous high and fibo level between 0.5-0,318 .If it is not go deeper than the next move can be huge ,a Big wave 3 a dream of every trader who prefer Elliott Waves
If we will have ABC correction than it should be at 0.0135-0.0138 levels and if price holds 0.0134 previous high than we can expect one more bigger move up to 0,0154 what is 1.818 fibo extension from previous low 0.0121 and high 0.0139! Many if than in story :-)
If we follow the trend we are still bearish!And this is the perfect point to entry short or sell eth if we are in eth!Our target is still 70-75 level and if our sl is at 110 than risk reward ratio is more than better! If some spike hit our invalidation point(our sl is little above that line)than if have a back-test from there we can use that to to go with smaller...